NAICS Code 424590-16 - Tobacco Leaf (Wholesale)
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NAICS Code 424590-16 Description (8-Digit)
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Tools
Tools commonly used in the Tobacco Leaf (Wholesale) industry for day-to-day tasks and operations.
- Tobacco grading machines
- Moisture meters
- Tobacco presses
- Tobacco cutters
- Tobacco shredders
- Tobacco stemmers
- Tobacco threshers
- Tobacco humidifiers
- Tobacco curing barns
- Tobacco storage containers
Industry Examples of Tobacco Leaf (Wholesale)
Common products and services typical of NAICS Code 424590-16, illustrating the main business activities and contributions to the market.
- Unprocessed tobacco leaves
- Burley tobacco leaves
- Virginia tobacco leaves
- Oriental tobacco leaves
- Dark tobacco leaves
- Flue-cured tobacco leaves
- Air-cured tobacco leaves
- Fire-cured tobacco leaves
- Sun-cured tobacco leaves
- Shade-grown tobacco leaves
Certifications, Compliance and Licenses for NAICS Code 424590-16 - Tobacco Leaf (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Good Agricultural Practices (GAP): GAP is a voluntary audit program that verifies that fruits and vegetables are produced, packed, handled, and stored as safely as possible to minimize risks of microbial food safety hazards. The USDA provides GAP certification.
- Hazard Analysis and Critical Control Points (HACCP): HACCP is a management system in which food safety is addressed through the analysis and control of biological, chemical, and physical hazards from raw material production, procurement and handling, to manufacturing, distribution, and consumption of the finished product. The FDA provides HACCP certification.
- Tobacco Master Settlement Agreement (MSA): The MSA is an agreement between the four largest tobacco companies in the US and 46 states that requires the tobacco companies to make annual payments to the states to compensate them for some of the medical costs of caring for people with smoking-related illnesses.
- Alcohol and Tobacco Tax and Trade Bureau (TTB) Permit: The TTB is responsible for enforcing federal tax laws related to alcohol, tobacco, firearms, and ammunition. A TTB permit is required for businesses that produce, import, wholesale, or sell alcohol or tobacco products.
- Occupational Safety and Health Administration (OSHA) Certification: OSHA is a federal agency that sets and enforces protective workplace safety and health standards. OSHA certification is required for businesses to ensure that they are in compliance with OSHA regulations.
History
A concise historical narrative of NAICS Code 424590-16 covering global milestones and recent developments within the United States.
- The tobacco industry has a long and complex history, with the use of tobacco dating back to ancient times. The first recorded use of tobacco in the Americas was by the Mayans in the 9th century, and it was later introduced to Europe by Christopher Columbus in the late 15th century. The tobacco trade became a major industry in the 17th and 18th centuries, with the establishment of tobacco plantations in the American colonies and the growth of the transatlantic slave trade to provide labor. In the 20th century, the tobacco industry faced increasing regulation and public health concerns, with the Surgeon General's report in 1964 linking smoking to lung cancer and other diseases. In recent years, the industry has faced declining demand and increased competition from alternative products such as e-cigarettes. In the United States, the tobacco industry has a similarly complex history. Tobacco was a major cash crop in the American colonies, with Virginia and North Carolina becoming major producers in the 18th century. The industry continued to grow in the 19th and early 20th centuries, with the introduction of cigarette rolling machines and the rise of mass production. The industry faced increasing regulation and public health concerns in the latter half of the 20th century, with the passage of the Federal Cigarette Labeling and Advertising Act in 1965 and the Master Settlement Agreement in 1998. In recent years, the industry has faced declining demand and increased competition from alternative products such as e-cigarettes.
Future Outlook for Tobacco Leaf (Wholesale)
The anticipated future trajectory of the NAICS 424590-16 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Stable
The future outlook for the Tobacco Leaf (Wholesale) industry in the USA is expected to be positive. The industry is projected to grow at a steady pace due to the increasing demand for tobacco products in the country. The growth is also attributed to the increasing popularity of e-cigarettes and other vaping products. The industry is expected to benefit from the growing demand for organic tobacco products and the increasing number of smokers who are switching to premium tobacco products. However, the industry may face challenges due to the increasing regulations on tobacco products and the growing awareness of the health risks associated with smoking. Overall, the industry is expected to grow at a moderate pace in the coming years.
Industry Innovations for NAICS Code 424590-16
Recent groundbreaking advancements and milestones in the Tobacco Leaf (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Introduction Of Organic Tobacco Products: The industry has witnessed the introduction of organic tobacco products, which are gaining popularity among health-conscious consumers.
- Increasing Demand for Premium Tobacco Products: The industry is experiencing an increasing demand for premium tobacco products, which are perceived to be of higher quality and offer a better smoking experience.
- Growing Popularity Of E-Cigarettes and Vaping Products: The industry is benefiting from the growing popularity of e-cigarettes and other vaping products, which are perceived to be less harmful than traditional tobacco products.
- Adoption Of New Technologies: The industry is adopting new technologies to improve the quality of tobacco products and increase efficiency in the production process.
- Increasing Regulations on Tobacco Products: The industry is facing increasing regulations on tobacco products, which may impact the growth of the industry in the coming years.
NAICS Code 424590-16 - Tobacco Leaf (Wholesale)
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